Turtle Beach (NASDAQ:TBCH - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02, Zacks reports. The business had revenue of $63.90 million during the quarter, compared to analysts' expectations of $62.33 million. Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. Turtle Beach updated its FY 2025 guidance to EPS.
Turtle Beach Stock Up 7.3 %
TBCH traded up $0.72 on Friday, reaching $10.56. The company had a trading volume of 1,057,330 shares, compared to its average volume of 291,982. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.60. Turtle Beach has a 1 year low of $8.78 and a 1 year high of $19.50. The company has a market cap of $212.44 million, a PE ratio of 36.41, a PEG ratio of 0.77 and a beta of 2.04. The stock's 50-day simple moving average is $12.40.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on TBCH shares. Craig Hallum decreased their price target on Turtle Beach from $23.00 to $16.00 and set a "buy" rating for the company in a report on Friday. Wedbush restated a "neutral" rating and set a $9.00 target price (down previously from $21.00) on shares of Turtle Beach in a research note on Tuesday.
View Our Latest Research Report on Turtle Beach
Turtle Beach Company Profile
(
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Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.
Further Reading
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